WTF is wrong with economists?

Ahh, I thik you have mistaken the function of economists as being analogous to physicists. If there is a demonstrated problem with physics, physicists go and examine their theories, design hypothesies about why they've gone wrong and then adjust the theories which describe the phenomenon to adjust to reality.

Economists are not that kind of beast.

The best way I can describe it is thus : The Queen of England thinks the world smells of fresh paint. This is because everywhere she goes people ensure that all is clean and freshly painted so that she gets the best impression possible of anything she sees.

Economists perform a similar function as the painters, they are there to adjust reality so that, whichever way a politician or commentator regards the economy, there is always a rosy glow to to the scene.

keep to the Fen Causeway